/cloudfront-us-east-2.images.arcpublishing.com/reuters/W2XGYAN5JZK3VCKWX2NIABBMXI.jpg?fit=%2C&quality=89&ssl=1 "India’s Tata-owned Titan beats Q2 revenue view on rising jewelery demand")
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Persons are seen outdoors a Tanishq jewelry retailer in Mumbai, India, October 14, 2020. REUTERS/Francis Mascarenhas/File Photograph Purchase Licensing Rights
BENGALURU, Nov 3 (Reuters) – Indian jeweler and watch maker Titan Firm (TITN.NS) on Friday beat second-quarter earnings expectations, aided by the robust demand for its gold jewelery manufacturers and development in on-line gross sales.
Titan, a three way partnership between the Tata Group and Tamilnadu Industrial Growth Corp, stated its revenue for the second quarter ended Sept. 30 was 9.40 billion rupees ($113 million), beating analysts’ common expectation of 8.47 billion rupees per LSEG information.
($1 = 83.2525 Indian rupees)
Reporting by Ashna Teresa Britto in Bengaluru; Enhancing by Dhanya Ann Thoppil
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